John Swanson, Hopper Communities Texas Partner, saw an opportunity for single-family residential at the site and rezoned the property from industrial use.

“The market has overlooked this area in the past, but convenience to nearby shopping, entertainment, and employment, and easy access to Interstate 35 for downtown Austin commuters attracted us to this particular location. Convenience is crucial for today’s working families, and this property has it,” said Mr. Swanson.

Heatherwilde Boulevard and Wells Branch Parkway border the site, connecting travelers to several major Austin arterials, including Parmer Lane, Farm to Market 1825, Interstate Highway 35 and State Highway 130.

About CBRE Group, Inc.CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.

About Hopper Communities, Inc.Hopper Communities, Inc. is headquartered in Charlotte, North Carolina. Its owner, Bart Hopper, a Texas native and University of Texas graduate has been developing commercial, retail, and single-family real estate for over twenty-five years. Hopper Communities specializes in creating residential neighborhoods and urban Modern Living developments. Offices are located in Austin and San Antonio, Texas, and in North Carolina and South Carolina. Additional information about Hopper Communities can be found at www.HopperCommunities.com.

About Sealy & CompanySealy & Company, a fully-integrated commercial real estate investment and operating company, is a recognized leader in acquiring, developing, and redeveloping regional distribution warehouse, industrial/flex, and other commercial properties. Sealy provides a full service platform for high-net-worth individuals and institutional investors through our development, management, and brokerage divisions. Sealy & Company has an exceptional team of over 100 employees, located in eight offices, with corporate offices in Dallas, TX and Shreveport, LA. Please visit www.Se​alynet.com to learn more about Sealy & Company.